A law firm may attempt to bind an insurer to a 3rd party contract. The insured law firm’s client contract with the law firm may require certain language in the insured law firm’s insurance policy that is not there. The insured firm hopes that the insurer...
A law firm may have substantial exposure for assets that are in their care, custody, or control. An Attorney malpractice insurance policy may exclude coverage if the asset is lost or stolen. Assets can be anything from a gold watch to a IOLTA or trust...
Through tough times law firms stick together and work things out. But when things go bad in a law firm between attorneys, they can really go bad. Once communication breaks down it leads to more drastic action. Attorneys suddenly find law office locks changed,...
An attorney malpractice insurance policy excludes coverage for Bodily Injury/Property Damage. Law firms needing these coverages should obtain a Business Owners Policy (BOP) or a Commercial Auto Insurance policy.Attorney malpractice insurance policy do cover personal...
Closely held entity exclusions are frequently overlooked on Attorney Malpractice Insurance Policies. Every attorney malpractice insurance policy has restrictions/exclusions for this issue. It is common for insurers to have a supplement to list the firm...
